Form 4 for CVNA Carvana
Accepted 2025-09-15 00:00:00 ET · period of report 2025-09-12 · accession 0001700548-25-000073 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2025-09-15 | 2025-09-12 | CVNA | GARCIA ERNEST C. III | CEO, Dir, 10% | S - Sale | $363.34 | -3,940 | 542.9K | -0.7% | -$1.43M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-09-12 | S | D | 33 | $368.24 | 441,527 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F14) This transaction was executed in multiple trades at prices ranging from $368.13 to $368.68, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 2 | Common | Class A Common Stock | 2025-09-12 | S | D | 137 | $367.67 | 541,561 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F13) This transaction was executed in multiple trades at prices ranging from $367.58 to $367.91, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 3 | Common | Class A Common Stock | 2025-09-12 | S | D | 118 | $364.28 | 441,974 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F7) This transaction was executed in multiple trades at prices ranging from $363.79 to $364.44, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 4 | Common | Class A Common Stock | 2025-09-12 | S | D | 134 | $363.01 | 542,092 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F6) This transaction was executed in multiple trades at prices ranging from $362.54 to $363.50 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 5 | Common | Class A Common Stock | 2025-09-12 | S | D | 134 | $363.01 | 442,092 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F6) This transaction was executed in multiple trades at prices ranging from $362.54 to $363.50 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 6 | Common | Class A Common Stock | 2025-09-12 | S | D | 661 | $361.85 | 542,226 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F5) This transaction was executed in multiple trades at prices ranging from $361.53 to $362.52 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 7 | Common | Class A Common Stock | 2025-09-12 | S | D | 661 | $361.85 | 442,226 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F5) This transaction was executed in multiple trades at prices ranging from $361.53 to $362.52 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 8 | Common | Class A Common Stock | 2025-09-12 | S | D | 104 | $365.51 | 541,871 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F10) This transaction was executed in multiple trades at prices ranging from $365.34 to $365.79, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 9 | Common | Class A Common Stock | 2025-09-12 | S | D | 523 | $361.15 | 442,887 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F2) This transaction was executed in multiple trades at prices ranging from $360.52 to $361.51 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 10 | Common | Class A Common Stock | 2025-09-12 | S | D | 87 | $369.53 | 541,440 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F16) This transaction was executed in multiple trades at prices ranging from $369.22 to $370.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 11 | Common | Class A Common Stock | 2025-09-12 | S | D | 138 | $367.32 | 441,560 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F12) This transaction was executed in multiple trades at prices ranging from $366.99 to $367.58, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 12 | Common | Class A Common Stock | 2025-09-12 | S | D | 173 | $366.51 | 541,698 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F11) This transaction was executed in multiple trades at prices ranging from $365.87 to $366.81, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 13 | Common | Class A Common Stock | 2025-09-12 | S | D | 173 | $366.51 | 441,698 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F11) This transaction was executed in multiple trades at prices ranging from $365.87 to $366.81, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 14 | Common | Class A Common Stock | 2025-09-12 | S | D | 103 | $365.19 | 441,871 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F9) This transaction was executed in multiple trades at prices ranging from $364.80 to $365.34, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 15 | Common | Class A Common Stock | 2025-09-12 | S | D | 34 | $368.90 | 541,527 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F15) This transaction was executed in multiple trades at prices ranging from $368.68 to $369.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 16 | Common | Class A Common Stock | 2025-09-12 | S | D | 87 | $369.53 | 441,440 | I Ernest Irrevocable 2004 Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F16) This transaction was executed in multiple trades at prices ranging from $369.22 to $370.00, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F3) These shares of Class A Common Stock are held directly by the Ernest Irrevocable 2004 Trust III (the "Irrevocable Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Irrevocable Trust. |
| 17 | Common | Class A Common Stock | 2025-09-12 | S | D | 117 | $364.57 | 541,975 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F8) This transaction was executed in multiple trades at prices ranging from $364.44 to $364.67, inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |
| 18 | Common | Class A Common Stock | 2025-09-12 | S | D | 523 | $361.15 | 542,887 | I Ernest C. Garcia III Multi-Generational Trust III | — | — | (F1) The reported sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024. (F2) This transaction was executed in multiple trades at prices ranging from $360.52 to $361.51 inclusive. The price reported above reflects the volume weighted average sale price. The Reporting Person undertakes to provide, upon request by the SEC staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each price. (F4) These shares of Class A Common Stock are held directly by the Ernest C. Garcia III Multi-Generational Trust III (the "Multi-Generational Trust"). The Reporting Person is the Investment Trustee and Co-Administrative Trustee of the Multi-Generational Trust. |